There's a decent chance it would stage an uptrend, provided that GBGAQRS doesn't go below its support at 0.25 anymore. Looks like it's in wave 2, which is the correction phase after an impulse uptrend.
Yes the sector's run coincide with AQRS's peak results these few quarters. Even doubling it is still inexpensive, and even before any new Govt contract. But what is cheap can remain cheap indefinitely, we will need UEMS to continue leading, don't fall!
Selling and buying a few rounds...my average here is still 36c. Difficult job this one.
This sleepy counter. When it does hit 36c I will hold tight
There's a gap in contract news from when it was high flying 1+ till now. What happened to Sedco supplying cement for Pan Borneo? What happeend to joint-bidding with Suria for Pan Borneo contracts? From Sabah it seems they have now shifted focus to Pahang...
There's quite a bit going on for it. Most of the contracts will pay this year. Impending claims against govt for VO also coming. Profits will surge this year if not next. Together with increase in profit, gearing will reduce significantly and once pledged FDs released they will be in a strong cash position. Launch Gambang Pahang next year easy sell affordable housing. But clearly somethign is amiss. Market is still valuing it below $200M. Market is always right...what is missing
The profit still impacted by LAD on THE PEAK condominium project which STOP after 87% completed. Company is not honestly update the THE PEAK status in report.
Based on report, 3.5 million loss to pay LAD for THE PEAK JB. 4 quarters will loss 14 million. This is huge loss & will be continued for each year until THE PEAK condominium JB abandoned issue being resolved. Top management really need to take immediate action to stop the bleeding. Share price will continue remain at lower price. No hope for this company if want to play short term while waiting the problem to be resolved.
I think we should ride with this, too early to sell. What do you think? 0.375 is the resistance and there's heavy trading right now 37-37.5. It appears to me an even chance only whether it will break out above 37.5. A little uneasy holding on, but I'll hold. Any insights appreciated @bojed, active stock, quiet forum - good sign lol
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Posted by bojed > 2023-06-11 00:59 | Report Abuse
From the 1-year chart, you can see GBQ is in the process of reversing its trend. Hopefully it will be successful this time.